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Friday, May 16, 2014 12:00:52 PM
The interest expense alone is $619k (for 2013). Factor in the working capital deficit of $3.6 million and the 10K stated the Company needs to raise in excess of $1.5 million this year, the statements about the Company staying in business this year are legitimate. This does not include any (deferred) salaries.
The company's only currency is shares of stock. The logical conclusion is that they will need to issue significant shares just to pay the bills and execute their business plan. Getting $200k or so in the door will certainly be a good start, I just think realistically, it will be too little, too late.
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